With its profits plummeted more than 90 percent in the latest earnings call, Qualcomm could be fighting a losing legal battle with Apple, giving Broadcom the ideal opportunity to acquire the chipmaker in what could be the largest chip business acquisition ever.
Share value in Qualcomm is up almost 14 percent on the news.
Fresh off its plan to move to the United States, the semiconductor firm is weighing a $100 bln bid for rival Qualcomm, Bloomberg reported.
Qualcomm, an early pioneer in mobile phone chips, supplies so-called modem chips to phone makers such as Apple, Samsung and LG that help the phones connect to wireless data networks. A complex series of countersuits has ensued, ensnaring both companies in a messy and likely to be protracted legal showdown over arcane patent licensing and component contract deals.
Qualcomm is not aware of the details of Broadcom's bid, and it is far from certain whether it will entertain this deal, the sources said.
The reports came one day after Tan held a news conference with President Trump to announce that Broadcom, now based in Singapore with a primary USA office in San Jose, plans to move its corporate domicile to the United States. Broadcom recently announced it would move its corporate headquarters from Singapore back to the U.S., in a move championed by President Donald Trump. Well, Qualcomm happens to be in the middle of an ongoing existential crisis perpetuated by a legal showdown with Apple, which has always been a Qualcomm buyer for wireless modems that enable the iPhone to communicate with telecom networks.
A Qualcomm representative declined comment. A legal battle with Apple is costing revenue and jeopardizing a business model that for years made Qualcomm one of the most successful chipmakers. Qualcomm paid $891 million to settle the case in 2009.
We'll be paying close attention in the next few days for a potential announcement, so stay tuned for additional updates.
Carr plans to convene the Federal-Provincial Task Force on Softwood Lumber in the coming days to discuss developments. The group alleges Canadian wood is heavily subsidized and imports are harming US mills and workers.
Medical experts with the March of Dimes say babies who survive an early birth often face serious and lifelong health problems. In Louisiana, African American women accounted for 15.6 percent of preterm births, 50 percent higher than all other women.
Experienced pacer Tim Southee , Trent Boult , Colin de Grandhomme will be the key in the shortest format. He further remarked that he must be the one bowler who bowled the most number of last overs for India .
"America is again the best place to lead a business with a global footprint", says Broadcom CEO Hock Tan, "thanks to you Mr. But Broadcom said it would make the move even if no corporate tax reform comes to fruition.
Away from the financials, Facebook's daily active users (DAUs) and monthly active users (MAUs) saw a YoY increase of 16 per cent. DAUs were 1.37bn on average for September 2017, while MAUs were 2.07bn as of 30 September.
It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. 65 funds opened positions while 210 raised stakes. The stock traded as high as GBX 975 ($12.87) and last traded at GBX 963 ($12.71), with a volume of shares changing hands.
Jimmy Drake says he drove his son every day to the train terminal in Hoboken so he could catch a train to his job in the city. Argentine President Mauricio Macri mourned the loss of his countrymen in a post on Twitter late on Tuesday night.
One death has been reported in connection with the faulty fire extinguishers, the Consumer Product Safety Commission reports. Following the recall, Kidde released a statement saying, "customer safety is our first priority".
As many as 29 civilians have been killed and several others injured as Saudi warplanes dropped bombs on Yemen's extreme northwest. Tens of thousands of Yemenis have been injured and martyred in Saudi-led strikes, with the vast majority of them are civilians.
If the leaked information is accurate, it's possible the OnePlus 5T will be available to buy at end of November or early December. As for why the OnePlus 5T will have a headphone jack, the OnePlus CEO says a primary reason is the audio quality.